Member Loans definition

Member Loans has the meaning given that term in Section 2.3 hereof.

Member Loans means loans made by the Members to Nevada JV, evidenced by promissory notes or other evidence of indebtedness, which in all cases shall only be made on a proportionate basis based on each Member’s Proportionate Interest.

Member Loans is defined in Section 3.3.

Examples of Member Loans in a sentence

• After payment of (i) current and past-due debt service on liabilities of the Company other than Member Loans, and (ii) all operating expenses of the Company, the Company shall pay the current and past-due debt service on any outstanding Member Loans before distributing any amount to any Member pursuant to Article Four.

• Membership, Member Loans and Shares may be transferred only with the approval and on the authority of the Board which shall satisfy itself that the proposed transferee is qualified to be a member of the Co-operative.

• Card Member Loans and Receivables Aging Generally, a Card Member account is considered past due if payment is not received within 30 days after the billing statement date.

• Refuse to make any Additional Capital Contributions or Member Loans to the Company without being in default of any provision of this Agreement.

• We have also revised the format of our consolidated statements of operations presented in this Annual Report on Form 10-K to: (i) reclassify origination fees on Member Loans at fair value and servicing fees on Notes at fair value as components of non-interest revenue; and (ii) present the major components of interest income together, the major components of interest expense together and then net interest income.

More Definitions of Member Loans

Member Loans has the meaning set forth in Section 4.2.

Member Loans means any loan of cash or other property by the Company to a Member.

Member Loans has the meaning set forth in Section 6.5.

Member Loans means the loans from time to time made to the Company by a Member (the "MEMBER LENDERS") pursuant to Section 3.2, which shall be accounted for by the Company, be an obligation of the Company payable to the Member Lenders, bear interest at the applicable Interest Rate, and require scheduled (but not necessarily full) payments (applied first to accrued interest and then to reduction of principal) from time to time (pro rata to each Member Lender based on Member Loans then outstanding) as appropriate prior to determination and distribution of Cash Available from Operations, Net Financing Proceeds or Net Sales Proceeds. Member Loans shall not be treated as Capital Contributions to the Company.

Member Loans means, collectively, loans from members or the managing member of Borrower, or their Affiliates, made in accordance with the terms of the Organizational Agreement of Borrower, which are subordinate both in payment and priority of Liens to the Loan and the Loan Documents pursuant to a subordination agreement in favor of Lender binding upon such Person.

Member Loans is defined in Section 2.2.

Member Loans means loans made by the Members to the Company pursuant to Section 6.05(c).